MB Market Update: 2/19/14

It's time for one of our twice-monthly updates on the Manhattan Beach real estate market.

We do two updates a month, at mid-month and end of month.

Data for these reports closed 2/15/14. Here's the quick overview on active inventory (click here for the list):

43 active listings as of 2/15/14 (+13 over 1/31/14)
38 SFRs (+11)
5 THs (+2)
 
Due to properties making deals, the actives total was hovering around 39 this week.

For up to the minute data, see the MB Dashboard.
Active listings by region of Manhattan Beach in this report:

Tree Section: 12 actives (+6 over 1/31)
Sand Section: 12 actives (+4)
Hill Section: 5 actives (+1)
East MB: 14 actives (+2)

We're also providing a report on pending and closed sales by region of MB. Sales are organized by sub-region of Manhattan Beach.

Here's a link to the spreadsheet: "MB Pending/Sold as of 2/15/14."

A few highlights among sales this period:

3112 N. Poinsettia (4br/3ba, 1750 sq. ft.) is the latest high-end remodel by a team that's had a good run of success recently. This split-level cottage got $1.875M, or $80K over asking, a remarkable $1,070/PSF in the Tree Section.

104 The Strand is a lot sale that shot very high at $9.500M, a cool $1.5M above asking. That far surpasses the $7.0 and $7.3-ish prices paid for the two neighbors recently at 108 and 112. (See "Last South End Strand Lot Will Sell.")

Very original 1343 6th, with a big 8300+ sq. ft. lot, made a deal at $1.640M, somewhat above asking. That one will be interesting to watch, just to see what someone tries to do with it.

In our report on closed sales, we provide the past 6 months' worth of sales by region. This is the typical window of time used by appraisers.

The spreadsheets are useful to anyone tracking the market or trying to estimate the value of a home for purchase or sale. Remember, these links are always live under the top "navbar" of the MB Confidential home page, right under "MB Market Updates."